Veolia North America announced it will make a $40 million capital investment in Ascension Parish to expand its regeneration plant in Darrow.
Known as the Burnside facility, the plant converts spent sulfuric acid into commercial-quality sulfuric acid, and produces sulfur-based products for refining and use in other industries.
With the expansion and upgrade of existing equipment, the company anticipates a 15% increase in sulfuric acid regeneration capacity. Refineries use sulfuric acid as a catalyst in alkylation units to produce high-octane gasoline. In the current marketplace, according to a release from the governor’s office, refiners are pushing the U.S. acid regeneration circuit to nearly 100% capacity because of spiking demand for alkylate. The expansion will help Veolia grow its regeneration services to meet that increased demand.
Veolia will retain all 29 employees with an average annual salary of $83,000, plus benefits.
“By upgrading the Burnside facility, Veolia is retaining good jobs for our people and committing to the future of this location as a key player in the refining industry,” Gov. John Bel Edwards said in a prepared statement.
To secure the project, the state offered Veolia a competitive incentive package that includes a $450,000 Modernization Tax Credit, a performance-based incentive provided over a five-year period. After Veolia completes renovations to the facility, the company also is expected to use the state’s Industrial Tax Exemption Program.